Advertisement
Anonymous
9
Discussion (9)
Learn how to style your text
Reply
Save
Chin Guo Qiang (ITIL4 / CSPO / CSM)
Edited 06 Dec 2023
Assistant Vice President, IT Operations at Bank of China Limited
If want to do high risk investments etc, i will first double up my emergency funds by at least 50% or 75% more first.
Next, monthly expenses are to be covered proper, for eg telco bills, utilities and most importantly, lunch expenses (for cai png etc).
Next, basic medical insurance for self (and own family if applicable) should be done.
Then see the leftovers for further investments (need to put a couple of % like eg 15% or 20% or take-home pay, for a significant amount of investments and returns).
Reply
Save
Man of the Hour
06 Dec 2023
Man at Man of the Hour
At such low salary just try to keep expenses low and save/invest more.
Reply
Save
Kent Toh
05 Dec 2023
Consultant at Sprinklr
Find out what are the typical expenses (try not to exceed 50%), and set aside some forced savings (10-20%). Get Insurance/Invest the rest.
If expenses are higher, then it means less for your future. You may want to find ways to increase the take home pay to meet the expenses. Or simply cut down.
Reply
Save
Cryotosensei
05 Dec 2023
Blogger at diaperfinancingfund.blogspot.com
I'm not the kind to manage a budget, so what I have are saving goals: $15,300 in my SRS and $5 each ...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
You could consider the 6 Jars Financial Management System. Just google it.